DIREXION DAILY FINANCIAL BULL 3X SHARES

NYSE ARCA: FAS
$100.63
-$0.80 (-0.8%)
Closing price April 26, 2024
Direxion Daily Financial Bull 3X Shares is an exchange-traded fund (ETF) designed to offer investors three times the daily performance of the Financials Select Sector Index. Managed by Rafferty Asset Management, LLC, it primarily invests in the U.S. public equity markets, focusing on financial sector stocks. The fund employs derivatives like futures and swaps to achieve its investment goals, targeting both growth and value stocks of large-cap companies. Launched in 2008, it aims to provide a powerful tool for those looking to magnify their exposure to the financial sector.

Earnings Previews: Chico's FAS, NetEase, StoneCo, Zoom Video
Zoom Video is among four companies we have previewed that will be reporting earnings late Monday or early Tuesday.
Paul Ausick
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During Massive Sell-Offs, Triple-Leverage ETFs Look Nuts With NYSE Circuit Breakers
During market sell-offs, market crashes and periods of major uncertainty, triple-leverage exchange traded funds become the most battered of all.
Jon C. Ogg
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Are Triple-Leveraged ETFs on the Way Out?
In a period when the stock market has hit new all-time highs, trading volume has been extremely light in the month of August.
Jon C. Ogg
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ETF Folly: Triple-Leverage Financials, and Other Triple-Leverage ETFs
Source: Jon OggThe Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) and the inverse Direxion Daily Financial Bear 3X Shares (NYSEMKT: FAZ) are leading our Daily ETF Folly feature ahead of the...
Jon C. Ogg
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Catalysts Leading Major Financials Back to 52-Week and Multiyear Highs
Source: ThinkstockBanks have been back as a flavor for investors for a while. After all, Bank of America Corp. (NYSE: BAC) was the best performing stock of all 30 Dow Jones Industrial Average...
Jon C. Ogg
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Wells Fargo Earnings Report Proves 'Safest Bank in America' Status
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still shows why it is now the top of the...
Jon C. Ogg
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The Moody's Giant Bank Downgrade Finally Arrives
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks.  It appears that the wait is over as the downgrade is set to come...
Jon C. Ogg
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Jamie Dimon Tries To Lead Banking Sector, But Trumped by BofA
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony.  The problem is that Bank of America Corporation (NYSE: BAC) is trumping Dimon and...
Jon C. Ogg
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Counter-Take: Will A Moody's Downgrade Actually Be Good For U.S. Bank Stocks? (DB, GE, F, CS, MS, UBS, BCS, GS, HBC, BAC, NMR)
Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon.  We skipped many of the smaller incidents, but...
Jon C. Ogg
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Bonds Sound Recession Warning, Of Sorts (TLT, JNK, AMJ, XLF, FAS)
Source: Jon OggSo, just two weeks ago it looked as though “Sell in May and go away!” was not going to be as strong of a theme in 2012 compared to 2011 and to 2010.  In 2010 the market had...
Jon C. Ogg
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BofA Earnings Masked in Items, Huge Discount to Book Value (BAC, C, FAS)
Bank of America Corporation (NYSE: BAC) has reported its earnings and the headline numbers may look like a disappointment at $0.03 EPS from its $653 million in earnings.  Revenue was $22.5 billion...
Jon C. Ogg
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Moody's Bank Downgrade Warnings Look Very Staged (CS, MS, UBS, BCS, DB, GS, HBC, BAC, NMR, FAS)
Source: Jon OggIf you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to the party. ...
Jon C. Ogg
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J.P. Morgan Preview, Huge Bank Sector Book Value Discounts On Deck (JPM, WFC, BAC, C, STT, BK, MS, GS, AXP, COF, FAS)
J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season.  We wanted to make a preview on Jamie...
Jon C. Ogg
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2012 Starts Out As Year of the Banks (JPM, BAC, FAS, WFC, CIT)
Has J.P. Morgan Chase & Co. (NYSE: JPM) managed to help further turn banks around in 2012?  The sector which had no friends in 2011 is now actually the top bill in the DJIA as Bank of America...
Jon C. Ogg
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